Who is Blackbird Energy Blackbird Energy Inc. is an emerging oil and gas exploration company focused on the liquids-rich Montney fairway at Elmworth, near Grande Prairie, Alberta: 75 sections (48,000 acres) of 100% working interest…
The Asset 4
The Montney The Permian of the North Condensate and Liquids-Rich Natural Gas Liquids-Rich Sweet Spot High liquids / Gas ratio confirmed in initial Blackbird well tests (greater than 125 Bbls/Mmcf) Over-Pressured Reservoir…
Low Cost Land Assembly Early mover advantage Assembled 75 sections for 6.9 million or 92,500 per section 900 potential drilling locations (Upper and Middle Montney) Blackbird Land Assembly Elmworth Montney land sale valuations have…
De-Risked Elmworth Drilling activity moving towards Blackbirds land Other peoples money is de-risking the play Industry results: Encana 2-15 and Encana 13-22 demonstrating strong liquids yields and production in near proximity Encana…
Multi-Zone Elmworth Montney 00/10-04-070-08W6/0 00/02-20-070-07W6/0 00/08-25-070-07W6/0 KB: 694.6 m RR: 1999-05-16 KB: 0.0 m RR: N/A KB: 670.9 m RR: 1996-11-30 TD: 3805.0 m [TVD] FormTD: WRBR TD: 0.0 m [TVD] FormTD: TD: 2462.0 m [TVD]…
Mapping Liquids-Rich Sweet Spots Upper Montney Middle Montney Near proximity wells support Condensate to Gas ratios in the condensate to gas ratios of over Middle Montney range…
Over-Pressured Window Substantially all of Blackbirds lands are situated in the over- pressured Montney corridor Over-pressured Montney ranges from 10 kpa/m to 18 kpa/m Similar pressure regime to Eagle Ford Blackbirds first two…
Liquids-Rich Confirmation In early 2015 Blackbird tested its first two operated Montney wells, confirming liquids-rich over-pressured nature 5-26 Upper Montney Test During test the 5-26 well was flowing back 0.9 Mmcf/d, 1,079 Bbls/d…
Infrastructure 12
Elmworth Access Year-round access Close to pipelines and facilities which lowers cost to produce and transport CEOs family has been a member of the community for over a century We operate as a trusted partner in the community…
Access to Infrastructure Key for any E&P is access to pipelines & processing Juniors have to solve this without significant dilution / destruction of balance sheet Near-term solution for takeaway: Solution to handle our sour gas…
Blackbirds Infrastructure Solution Up to 1.1 Bcf/d of new processing planned for this area Infrastructure is being focused on a resource play that works in this current commodity price environment. Note: Other than with…
LNG Opportunity Currently there are 18 BC LNG projects being contemplated that would represent almost 350 Tcf of gas resources Some key facilities that look to be moving ahead are: Kitimat (Chevron, Woodside) 1.3 Bcf/d Pacific…
D&C Optimization 17
Drilling Optimization First Upper Montney well 39 days First Middle Montney well 49 days Latest Middle Montney well (2-20) 24 days First Monobore in Elmworth / Gold Creek Montney Modification of drilling fluids (Brine vs. Invert) Rig…
Completion Optimization Movement to sliding sleeve from plug and perf Movement to single entry port vs. clustered intervals Higher rates and tonnage (greater liquids rates, shallower liquid declines, higher EUR) Movement to energized…
What Does This All Mean 20
Why You Should Buy and Hold Strong land position in one of the most economic plays in Canada correct revenue / boe cocktail (high CGR) Management team that is aligned with shareholders and that has shown an ability to solve the…
Tree Planting Pledge Blackbird has committed to offset its environmental impact through planting trees in NW Alberta with the Carbon Farmer Asking stakeholders and friends to support initiative as well Goal of 100,000 trees…
Management Garth Braun Chairman, CEO and President: Garth is a businessman and entrepreneur with over 30 years of diversified experience in oil and gas, finance and real estate Garth was formerly the principal of a private real estate…
Corporate Profile BBI (TSXV) Shares Basic 357 mm Fully Diluted 399 mm Insider Holdings (Board and Management) (Basic)1 25% Positive Working capital2 23 mm Market Capitalization (based on 0.18 per BBI 64 mm share) Enterprise…
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